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UK Government Study: Brexit to Cost Taxpayers Thousands
A new study by the UK government argues families in the country will pay £4,300 ($6,185) more in income taxes if the country leaves the EU. After an aggressive...
Malaysia Defaults on Payment Deal: Trouble Abounds for Prime Minister
1Malaysia Development Berhad (1MDB), a strategic development company that the government of Malaysia owns, defaulted on a $1.1 billion loan from a United Arab Emirates wealth fund. Prime Minister...
UN, IMF, World Bank, and OECD Join Forces in Wake of Panama Papers
Several of the world’s leading international economic organizations announced on Tuesday that they would join forces to confront the various tax issues illuminated by the recent Panama Papers scandal....
Recession Signals Highlighted as U.S. GDP Growth Stagnates
As the Federal Reserve continues to see weakening GDP growth, a new report from Bloomberg News suggests a hidden recession signal for the United States. The Atlanta Federal Reserve’s...
EU and Canada Struggling to Reach Trade Deal
Although international economic treaty news has lately been peppered with more stories about better-known trade deals like the Trans-Pacific Partnership (TPP), there is another treaty that has been generating...
Tajikistan Narrowly Escapes U.S. Sanctions amid Human Rights Violations
The United States categorized Tajikistan under the official banner of “country of particular concern,” pertaining to the government’s crackdown on religious freedom and other human rights abuses, according to...
Homebuilders See No Boost as Fed Caution Mounts
Further worries about the economy are coming from the Federal Reserve as homebuilders’ expectations drop. According to a new study by the National Association of Homebuilders, firms see little...
Mozambique Denies IMF Allegations of Loan Concealment
Mozambique objected to the International Monetary Fund’s (IMF’s) accusation that officials concealed additional loans from Russia VTB Bank and Credit Suisse for defense spending, according to Reuters. The IMF...
Donations Stalling: World Bank Urges Follow Through on Gaza Aid
Gaza has struggled socially and economically almost from its inception, but this has been particularly true following Israel’s war against the region in 2014. Following the devastation, a number...
Interest Rate Update: Mortgages, Junk Bonds Reach Lows
Interest rates for home loans, junk bonds, and several other financial products have fallen while the Federal Reserve hints at expanding the monetary base further. Even as several economic...